Try Quests to earn cryptoOsmosis Governance: 362 and Beyond
Governance in the Cosmos ecosystem has been a hot topic of late - first with Cosmos Hub 82 and now in Osmosis. Osmosis Prop 362 is a vote to decide the fate of the Osmosis Grants Program (OGP). Contention aside, there have been many points and counterpoints, AND a ton of vote switching.
What is Osmosis?
Osmosis is Layer-1, Proof-of-Stake (PoS) blockchain built using the Cosmos SDK that has optimized its design to be a sandbox for automated market makers (AMMs). The chain enables developers to design and deploy customized AMMs by using its various modules and leveraging Osmosis' on-chain governance system. Osmosis' native token, OSMO, grants holders the right to vote on proposed network changes and earn rewards for helping secure the network. Its first application, also called Osmosis, is an AMM that features ATOM and OSMO as its initial base trading pairs.
In this dashboard, we are going to review proposal #362 on the Osmosis blockchain:
The following questions will be answered in this dashboard:
First, you will see general information about votes and voters, and then the grouping of voters and their strength will be shown. You will also see their vote changes at the end.
To build this dashboard, we have used the following two tables:
fact_governance_votes dim_vote_options
It is clear from the below two graphs that:
Proposal #362 started on November 14, and on November 15, both in terms of the number of votes and in terms of the number of voters,
it had the highest amount and was moderated in the next few days.
According to the diagrams and explanations above, it is clear that the change of vote has happened in this proposal. And this change of vote was not done by smart people.
Almost 22300 users have participated in this voting, and the number of votes registered by these users is 24300 votes.
Therefore, it can be concluded from these statistics that some users have changed their vote, you will learn more about this in the graphs below.
In the graph on the left you can see the number of people who changed their vote:
As you can see, most people have changed their vote from yes to no. 78 users have changed their vote from yes to no.
It is also possible to see the change of their vote.
In the chart below, you can also see the voters based on their strength:
In the graph on the right, you can see the grouping of voters based on their availability:
As you can see, more than half of the users had less than 10 Osmo.
And more interestingly, almost 25% of the voters had more than 100,000 Osmo assets.
Therefore, these 25% had a great impact on the voting results.
In the two graphs below you get more information about votes: